Ubisoft reports first-half 2023-24 earnings figures

Second quarter: Net bookings of €554.8 million, up +36.6%, well above target of approximately €350.0 million, notably driven by much stronger than expected revenues from back-catalog thanks to both its underlying overperformance and monetization through partnerships. It also reflects a record launch for The Crew® Motorfest and higher Assassin’s Creed® Mirage pre shipments.
Successful launches
▪ Assassin’s Creed Mirage: Solid launch with week 1 number of players in line with Assassin’s Creed Origins and Assassin’s Creed Odyssey.
▪ The Crew Motorfest: Strong player reception with franchise record unit sell through, consumer spending and season pass adoption rate on the opening week.
Q2 back-catalog overperformance
▪ Rainbow Six® Siege: Remarkable performance with high double digit net bookings growth, continued strong activity on the back of the Year 8 Season 3 release and solid acquisition leading to around 50% net bookings growth in the first half.
▪ Assassin’s Creed: Sustained performance of Assassin’s Creed back-catalog on the back of the Assassin’s Creed Mirage launch.
▪ The Crew® 2: Exceptional engagement with a record month in terms of MAUs contributing to record franchise quarter activity.
Acquisition of Activision Blizzard cloud streaming rights finalized
2023-24 targets confirmed: Strong net bookings growth & approximately €400 million non-IFRS operating income – cost reduction plan well on track

Today, Ubisoft released its earnings figures for the first half of fiscal 2023-24.
Yves Guillemot, Co-Founder and Chief Executive Officer, said “Ubisoft delivered an excellent second quarter, well above our expectations. Activity was mostly driven by the performance of our back-catalog, thanks in particular to the remarkable growth of Rainbow Six Siege, in an overall competitive environment for first-person shooter games. I want to pay tribute to the exceptional level of commitment from our teams, who have done amazing work on this game to deliver top quality content across platforms. The signing of new partnerships also contributed to the overall quarter performance, confirming once again that Ubisoft is one of the most sought-after partners in the industry, with highly recognized brands and assets.
We are also pleased with the sales momentum demonstrated by our two new releases, which mark the successful return of Ubisoft’s IPs among the major games launches of the industry. The Assassin’s Creed Mirage and The Crew Motorfest teams, respectively led by Ubisoft Bordeaux and Ivory Tower, have done a wonderful job to prepare the release of these new opuses, and the response from the community and fans has been fantastic.
October saw the finalization of a major agreement with Activision Blizzard, which will grant Ubisoft the perpetual streaming rights for Call of Duty and all other existing Activision Blizzard Console and PC titles as well as those releasing over the next 15 years. The cloud gaming market has a strong potential, and Ubisoft can play a leading role in its realization. This deal will enable us to deliver even more experiences to more players across the world than ever before, one of the cornerstones of our strategy.
Looking ahead, the current positive momentum builds confidence for the rest of the year as well as for next fiscal year. We are excited to bring our future lineup to players, and to deliver on our strategy and continue reaching larger audiences and building an increasingly recurring business thanks to major brands and Live services.”